This Idea presents one possibility of what that might look like. I have drawn this Idea to be intentionally pessimistic, as I am “planning for the worst & hoping for the best”. Based on this work, I am preparing for the possibility that I may need to HODL my BTC down to a price point of approximately $15k … something I would have thought impossible a few months ago, but it doesn’t seem so impossible anymore. The upside of that, obviously, would be to accumulate additional crypto during this cycle.
NOTE: I HOPE I’M WRONG ON THIS! I am long-term on crypto projects in general & BTC in specific. As a career technologist, I believe deeply in the purpose & mission of crypto assets, and what they can provide in our world. I am hoping for a best case scenario where the recent plunge to $29k is the absolute lowest bottom we ever see again for BTC … but I wouldn’t bet my life on it.
For a description of Wyckoff theory, see the link below.